About Axis Bank

The beautiful city of Kochi is not only famous for its soothing and mesmerizing sightseeing places, but also because it is now a hub of many financial companies. Yes, slowly and steadily the city is on its way to becoming a home of various financial giants and one such name adding to the list is Axis Bank. Moreover, with enormous branches located in the suburbs of the city, the bank is ensuring that it wil be in the reach of all. With over, 2,959 branches along with 12,743 ATMs situated at diverse places of the country, there is no denying the fact that Axis is here to rule the banking sector.

Be it Mortgage Loans, Private Banking, Finance & Insurance, Investment Banking, Private Equity, Consumer Banking,Wealth Management, Credit Cards and Corporate Banking, this lender provides the best of products to give its customers the best banking experience. Since its inception in the year 1993, the bank is striving hard day and night to give all its esteemed customers an unforgettable experience to cherish lifelong. Right from Retail, NRI, Agri & Rural, Burgundy and Priority Services, Axis Bank’s core objective is to satisfy each customer around the globe with best of its services.

Products Offered by Axis Bank in Kochi

Be it education loan, personal loan, home loan, loan against property or car loan, Axis Bank deals into all, hence ensures that all your financial needs can easily be fulfilled in the least time frame. But, before you avail any of the product offered by the bank, it is important to know these products in detail such as their eligibility criteria, loan amount offered, tenure, charges, etc so as to avoid the hassle in the future.

Basic Details of Axis Bank Loans

Product

Eligibility

Interest Rate (in p.a.)

Loan Amount

Tenure

Processing Fee

Home Loan

Salaried: Inividuals working in a Government or renowned Companies. The age of the applicant/s should be 21 years at the time of taking a loan and upto a age of 60 or superannuation, whichever, is earlier at the time of loan maturity. Professionals: If you a Doctor, Engineer, CA, Dentist, Architect,CS,Cost Accountant or Management Consultant, you are eligible to apply for a home loan. The age of the applicant/s should be 21 years at the time of taking a loan and upto a age of 65 or superannuation, whichever, is earlier at the time of loan maturity. Self-employed: Individual filling an income tax return can easily apply for ahome with Axis Bank. The age of the applicant/s should be 21 years at the time of taking a loan and upto a age of 65 orsuperannuation, whichever, is earlier at the time of loan maturity.

8.40% - 8.75%

₹ 3 Lakh-150 Lakh (depends on combined income)

30 Years

Upto 1% of the loan amount

Personal Loan

If you a salaried employee, doctor or employee of public & private limited companies or Government sector employee, you can apply for a personal loan with the bank. The age of the applicant/s should be 21 years at the time of taking a loan and 60 years at the time of loan maturity.The minimum monthly income of the applicant should be ₹15,000.

15.50% - 24.00%

₹50,000-15,00,000

12-60 Months

1.50%-2% of the loan amount + Service Tax

Car Loan

Salaried The applicant must be 21 years of age at the time of taking a loan and upto 70 years of age at the time of loan maturity.Minimum net annual salary of individual should be ₹2,40,000 p.a.His/her income eligibility should be based on Form 16 and latest salary slip.He/she should have minimum 1 year of continuous employment. Self-employedIndividuals

The applicant must be 21 years of age at the time of taking a loan and upto 75 years of age at the time of loan maturity. The applicanr must have a minimum business income of

11.00% - 12.00%

₹ 1Lakh-Upto 85% on road-funding

Upto 7 Years

₹3,500-5,500

Loan Against Property

Salaried An individual who is into permanent Government service or renowned companyThe applicant must be 24 years of age at the time of loan commencement.Self-employedAny individual filing Income Tax returns can applyThe applicant should be above 24 years of age at the time of loan commencement and upto 65 years at the time of maturitySelf-employed ProfessionalsAll self-employed professional such as doctors, engineers, dentists, architects,CA, cost accoutants, CS and management consultants can easily apply.Lease Rantal Discounting(LRD)All resident individuals can apply. The lessee must however be a company as defined under the Companies Act, 1956.Funding will be done only against ready commercial property. The same will be restricted to 85% of the net present value of the future rentals or 50% of the value of property, whichever is lower.

11.40%-12.10%

₹2,00,000-500,00,000

15 Years

1% of the loan amount+service tax

Education Loan

Students who have taken admission in courses such as engineering,medicine, management,etc at graduate and post-graduate level are eligible to apply for a loan.The applicant/s should have scored atleast 50% marks during HSC and Graduation. Students those who have secured admission in India or Abroad through entrance test / Merit based selection process post completion of HSC can apply.

Identity Proof: Passport/VoterID/DL/PAN Card/Government Department ID CardLatest salary slip showing all deductions or Form 16 along with recent salary certificate. IT returns of the last 2 years and computation of income of last 2 years certified by a Chartered Accountant.

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